$BTC Many think that the opportunity to become a Bitcoin investor depends only on financial literacy or access to technology. In reality, personal qualities and the willingness to take responsibility play a major role.

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Main mistakes:

● Lack of abstract thinking.

People do not understand the value of digital scarcity and cryptography, perceiving Bitcoin as just another 'toy for speculation'.

● Emotional instability.

During sharp price declines, investors panic and sell at the bottom. As a result, the asset goes to more patient participants.

● Trust in intermediaries.

Most newcomers keep their coins on exchanges or in ETFs, effectively not owning them. The collapse of M*. G*x and other platforms has shown what this leads to.

● Desire for 'quick money'.

Many view Bitcoin as a scheme for getting rich rather than a system for long-term accumulation.

These mistakes lead to the person either losing their funds or becoming a tenant to financial intermediaries.

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Consequences of mistakes:

Every crisis redistributes coins: the impatient sell, while the disciplined buy. As a result, the concentration of cryptocurrency in the hands of large investors is constantly increasing.

Estimates:

● The 97 largest addresses hold about 14% of all coins;

● ETFs have accumulated nearly 6%;

● corporations own about 5%;

● governments — about 2.5%.

In total, nearly 27% of the entire supply is effectively out of free circulation. This exacerbates inequality and reduces the 'free' market.

Dependency on intermediaries is further exacerbated. ETFs provide convenient access but turn the investor into a tenant: fees are paid annually, and control over the asset remains with the management company.

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Prospects

By 2040, 99.6% of all coins will have been mined. The new supply will become statistically insignificant. This means that:

● The share of institutional players will continue to grow;

● coins will concentrate in the hands of disciplined holders;

● Late investors will more often buy not the coins themselves, but access to them through intermediaries.

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How to avoid mistakes

● Understand the long-term nature of Bitcoin: it is not a get-rich-quick scheme, but a tool for accumulation.

● Automate purchases: regular investments reduce the impact of emotions.

● Master self-custodial storage: hardware wallets, seed phrases, cold storage.

● Minimize dependence on intermediaries and their fees.

● Learn — from digital scarcity to security practices.